Reporting Capital Gains and Losses – 2019 Law – Self-Study (No Videos)
Different rules apply to the sale of capital and noncapital assets. Gains and losses on the disposition of personal and investment property are taxed differently than gains and losses on the sale of business property. This course covers reporting requirements for dispositions of capital assets on Schedule D and individual transaction reporting on Form 8949.
- Establishing if the character of gain or loss is short-term or long-term
- Holding period
- How to figure gain or loss on the sale of property
- Seller financing of a contract sale
- Treatment of capital losses and carryforwards of capital losses
- Capital gains tax rates
- Reporting gains from the sale of personal-use property
- Overview of Form 1099-B – Proceeds From Broker and Barter Exchange Transactions
- Instructions for completion of Form 8949 – Sales and Other Dispositions of Capital Assets
- How to complete Schedule D – Capital Gains and Losses
- How to figure tax using the Capital Gains Tax Worksheet
- Comprehensive illustration covering the tax mechanics of preparation of Forms 8939, 8949, FinCEN 114, and Schedules B and D
At the conclusion of this course you should be able to:
- Distinguish between a sale and a trade
- Explain special rules for sales between related parties
- Distinguish between a capital and noncapital asset
- Evaluate information to determine the holding period for capital assets
- Evaluate whether you have a taxable sale or trade
- Interpret information provided on 1099-B tax reporting documents
- Determine basis adjustments for reporting stock sales by employees where basis is increased by amounts included on Form W-2
- Prepare Form 8949 and Schedule D
Self-Study (No Videos)
2019 Tax Law
|IRS (Federal Tax Law)||3 Hours|
|Oregon Tax Board||3 Hours|
Field of Study
Basic tax knowledge
Self-study (No Videos)
IRS Federal Program Number
Meet Your Instructor
April Gutierrez, Enrolled Agent:
Known for her entertaining speaking style and ability to make a complex subject easy to understand, April is frequently invited to speak to business groups and news media on tax-related topics. She has a B.A. in Communication Studies from Murdoch University in Perth, Australia. She obtained her Oregon LTC in 1995.April resides in Portland, Oregon, with her husband Jess and their two sons. Her pastimes include gardening, travel, and playtime with her Arabian horse, Fancy.
Reporting capital gainsno
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